305 W Elm St Mason, MI 48854
Mason AreaEstimated payment $2,596/month
Highlights
- Radiant Floor
- Private Yard
- Laundry Facilities
- Corner Lot
- Private Entrance
- Walk-Up Access
About This Home
Exceptional investment opportunity in the heart of Mason! 305 W Elm Street is a stabilized four-unit multifamily property offering immediate cash flow and long-term upside. Each of the four units features 2 bedrooms and 1 bathroom, providing a highly desirable layout for tenants. Currently generating approximately $4,500 per month in rental income, this property presents a rare value-add opportunity with rents significantly below current market rates, allowing investors the potential to increase revenue over time. Located in the highly sought-after Mason community, tenants enjoy convenient access to downtown Mason, local shopping, dining, parks, and major commuter routes. Whether you're looking to expand your portfolio, complete a 1031 exchange, or enter the multifamily market with a proven performer, this well-maintained asset offers stable occupancy, consistent income, and substantial future growth potential. Don't miss the chance to own a cash-flowing investment in one of Mid-Michigan's most desirable rental markets.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 6,534 Sq Ft Lot
- Private Entrance
- Corner Lot
- Private Yard
Home Design
- Block Foundation
- Vinyl Siding
Interior Spaces
- 5 Bathrooms
- 3,244 Sq Ft Home
- 2-Story Property
- Radiant Floor
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
- Laundry in Basement
Parking
- 8 Parking Spaces
- Off-Street Parking
Location
- City Lot
Utilities
- Window Unit Cooling System
- Heating Available
- Gas Water Heater
Community Details
Building Details
- Electric Expense $236
- New Taxes Expense $745
Additional Features
- 4 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | Price Changed | $400,000 | -5.9% | $123 / Sq Ft |
| 07/01/2026 07/01/26 | Price Changed | $425,000 | -5.6% | $131 / Sq Ft |
| 06/19/2026 06/19/26 | For Sale | $450,000 | -- | $139 / Sq Ft |
Source: Greater Lansing Association of Realtors®
MLS Number: 296902
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Copyright © 2026 Greater Lansing Association of REALTORS®
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